Levels and Plan for 10th Aug

The Nifty closed the week near the prominent POC seen on wednesday. Early morning buyers seen near 8585-90 threw in the towel in a late afternoon move and the profile remained centered between the 2 distributions seen on thursday.  

Nifty/ BN Weekly View (spot) for 10 Aug- 14 Aug’15

We have been speaking about knowing the series vwap for quite some time on our blog and once more the importance of our methods was highlighted in a volatile RBI day trade when the Nifty came and touched the series vwap of July at 8448 and bounced higher to close the week near 8564. We […]